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COREPLUS FEDERAL CREDIT UNION

Dec, 31, 2020 — COREPLUS FEDERAL CREDIT UNION is a federal credit union headquartered in Norwich, CT with 7 branch locations and about $271.28 million in total assets. Opened 85 years ago in 1936, COREPLUS FEDERAL CREDIT UNION has about 27,365 members and employs 67 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


ABA Routing Number: 211178598
Name:COREPLUS FEDERAL CREDIT UNION
Address:
(Main Office)
202 Salem Tpke
Norwich, CT 06360
Phone:(860) 886-0576
Fax:(860) 885-3538
Website:http://www.coreplus.org
Branches:7 branch locations
Members:27,365
Credit Union Type:Federal Credit Union
Charter Number:1148
Membership Type:Community credit unions, urban or rural, other than those designated 'low income'
Corporate Credit Union:No
Year Opened:1936
Last Audited:Dec 01, 2019
FHLB Member:Yes
Low Income Designation:No
Assets:$271,275,065
CEO/Manager:Nicholas K Fortson
Chairperson:Susan Dowling

Call Report

  • Commercial Loans
  • Credit Builder
  • Indirect Consumer Loans
  • Overdraft Lines of Credit
  • Overdraft Protection
  • Participation Loans
  • Pay Day Loans
  • Real Estate Loans
  • Risk Based Loans
  • Share Secured Credit Cards
  • Payday Alternative Loans (PAL Loans)
  • ATM/Debit Card Program
  • Commercial Share Accounts
  • Check Cashing
  • First Time Homebuyer Program
  • Health Savings Accounts
  • In-School Branches
  • Insurance/Investment Sales
  • International Remittances
  • Low Cost Wire Transfers

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 26,717,893
TOTAL INVESTMENTS 54,696,788
Loans Held for Sale 558,800
 
 Real Estate Loans 68,721,409
 Unsecured Loans 19,410,239
 Other Loans 91,236,207
 TOTAL LOANS 179,367,855
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -1,328,347
 Land And Building 2,732,752
 Other Fixed Assets 1,260,871
 NCUSIF Deposit 2,399,723
 All Other Assets 4,868,730
  TOTAL ASSETS 271,275,065
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 1,805,047
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 48,689,465
 Regular shares 103,025,174
 All Other Shares & Deposits 96,184,467
  TOTAL SHARES & DEPOSITS 247,899,106
  TOTAL LIABILITIES 249,704,153
 Regular Reserve 2,931,294
 Other Reserves 1,564,598
 Undivided Earnings 17,075,020
  TOTAL EQUITY 21,570,912
  TOTAL LIABILITIES, SHARES, & EQUITY 271,275,065
INCOME & EXPENSE  
 Loan Income 7,658,398
 Investment Income 791,237
 Other Income 4,039,083
 Total Employee Compensation & Benefits 4,411,443
 NCUSIF Premiums Expense 0
 Total Other Operating Expenses 4,804,077
 Non-operating Income & (Expense) 742,127
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 930,000
 Cost of Funds 1,156,762
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) 1,928,563
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